This is an addition to my previous Bitcoin analysis on the daily timeframe.
Now we know bitcoin had a local bottom at $6500 with both times having an explosive move right back up to the weekly $7500 level.
Yesterday Bitcoin broke it's summer downtrend, the one created from the peak of $14,000 back in June. And as I predicted Bitcoin is just hugging the topside of the trend.
From here we should see some sideways movement as we drift apart from the downtrend, until we start a move up to $9950.
As always please do your own research, I am not a financial advisor.
Now we know bitcoin had a local bottom at $6500 with both times having an explosive move right back up to the weekly $7500 level.
Yesterday Bitcoin broke it's summer downtrend, the one created from the peak of $14,000 back in June. And as I predicted Bitcoin is just hugging the topside of the trend.
From here we should see some sideways movement as we drift apart from the downtrend, until we start a move up to $9950.
As always please do your own research, I am not a financial advisor.
